Entropy Technologies LP Raises Stake in Pebblebrook Hotel Trust (NYSE:PEB)

Entropy Technologies LP raised its holdings in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 93.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 54,880 shares of the real estate investment trust's stock after acquiring an additional 26,487 shares during the quarter. Entropy Technologies LP's holdings in Pebblebrook Hotel Trust were worth $744,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Covestor Ltd boosted its holdings in Pebblebrook Hotel Trust by 80.1% in the third quarter. Covestor Ltd now owns 4,471 shares of the real estate investment trust's stock valued at $59,000 after purchasing an additional 1,989 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Pebblebrook Hotel Trust by 35.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,677 shares of the real estate investment trust's stock worth $63,000 after purchasing an additional 1,212 shares in the last quarter. FMR LLC lifted its position in shares of Pebblebrook Hotel Trust by 10.8% during the 3rd quarter. FMR LLC now owns 9,069 shares of the real estate investment trust's stock worth $120,000 after buying an additional 884 shares during the last quarter. FORA Capital LLC acquired a new position in shares of Pebblebrook Hotel Trust in the 3rd quarter valued at $133,000. Finally, Metis Global Partners LLC purchased a new position in shares of Pebblebrook Hotel Trust in the 3rd quarter valued at $164,000.

Insider Activity

In related news, CEO Jon E. Bortz acquired 13,000 shares of Pebblebrook Hotel Trust stock in a transaction that occurred on Thursday, November 21st. The stock was purchased at an average price of $12.68 per share, for a total transaction of $164,840.00. Following the completion of the purchase, the chief executive officer now directly owns 1,395,284 shares of the company's stock, valued at approximately $17,692,201.12. This trade represents a 0.94 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.40% of the company's stock.

Pebblebrook Hotel Trust Stock Performance

Shares of NYSE:PEB traded down $0.07 during trading on Friday, reaching $12.21. The company had a trading volume of 1,843,736 shares, compared to its average volume of 1,916,892. Pebblebrook Hotel Trust has a fifty-two week low of $11.65 and a fifty-two week high of $16.65. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.81 and a quick ratio of 0.81. The stock's fifty day moving average price is $13.50 and its 200 day moving average price is $13.14. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of -42.08, a price-to-earnings-growth ratio of 0.62 and a beta of 1.85.

Pebblebrook Hotel Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.01 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.04 annualized dividend and a yield of 0.33%. Pebblebrook Hotel Trust's dividend payout ratio is currently -13.79%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Truist Financial reduced their price target on shares of Pebblebrook Hotel Trust from $14.00 to $13.00 and set a "hold" rating for the company in a research report on Tuesday, February 4th. Wedbush downgraded Pebblebrook Hotel Trust from a "neutral" rating to an "underperform" rating and set a $13.00 target price for the company. in a report on Thursday, January 2nd. Compass Point upgraded Pebblebrook Hotel Trust from a "neutral" rating to a "buy" rating and set a $17.00 price target on the stock in a research note on Thursday, November 21st. Robert W. Baird reduced their price objective on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a "neutral" rating for the company in a research note on Thursday, October 31st. Finally, Stifel Nicolaus upgraded shares of Pebblebrook Hotel Trust from a "hold" rating to a "buy" rating and raised their target price for the stock from $14.75 to $15.00 in a research report on Friday, November 22nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $14.67.

Pebblebrook Hotel Trust Company Profile

Pebblebrook Hotel Trust NYSE: PEB is a publicly traded real estate investment trust ("REIT") and the largest owner of urban and resort lifestyle hotels and resorts in the United States. The Company owns 47 hotels and resorts, totaling approximately 12,200 guest rooms across 13 urban and resort markets.